Feds To Cut Key Interest Rate

16 Dec Feds To Cut Key Interest Rate

The Board of Governors for the Federal Reserve announced today that it has decided today to establish a target interest range for the federal funds rate of 0 to 1/4 percent.

The Federal Reserve cited the deteriorating labor market and the decline in consumer spending, business investment, and industrial production as factors in its decision to lower the interest rate.

The Federal Reserve had recently reduced the federal funds interest rate down to 1 percent.

The reduction will mark the lowest that the federal funds interest rate has been in nearly 50 years.

Related Posts Plugin for WordPress, Blogger...
The following two tabs change content below.
I've been a consumer bankruptcy lawyer for nearly 25 years. Since that time I have helped many people resolve their financial problems. I have been practicing law since 1986 and I am licensed to practice in all state and federal courts in the State of Louisiana. Because I am a sole practitioner, you know that your debt matters are being handled by me personally. In addition to my work with consumers, I am also frequently asked to speak at local seminars on bankruptcy law. I am member of the following organizations: • Louisiana Bar Association • National Association of Consumer Bankruptcy Attorneys • Bankruptcy Law Network My office is located at: 3920 General DeGaulle Drive, New Orleans, LA 70114 Telephone: (504) 368-4101

Latest posts by Kevin Gipson, New Orleans Bankruptcy Attorney (see all)

No Comments

Sorry, the comment form is closed at this time.